Herding and Contrarianism: A Matter of Preference?

2021 ◽  
pp. 1-45
Author(s):  
Chad Kendall
Keyword(s):  
Laboratory Experiment ◽  
Prospect Theory ◽  
Private Information ◽  
Market Model ◽  
Contrarian Strategies ◽  
The Subject ◽  
Do So

Abstract Herding and contrarian strategies produce informational ineffciencies when investors ignore private information, instead following or bucking past trends. In a simple market model, I show theoretically that investors with prospect theory preferences generically follow herding or contrarian strategies, but do so because of future returns as opposed to past trends. I conduct a laboratory experiment to test the theory and to obtain an estimate of the distribution of preferences in the subject population. I find that approximately 70% of subjects have preferences that induce herding. Using the preference estimates, I quantify informational effciencies and predict trade behavior in more general environments.

Pakistan’s Development: Successes, Failures, and Future Tasks (Presidential Remarks)

1997 ◽  
Vol 36 (4I) ◽  
pp. 321-331
Author(s):  
Sarfraz Khan Qureshi
Keyword(s):  
Indian Subcontinent ◽  
General Meeting ◽  
The Past ◽  
Past Half Century ◽  
The Social ◽  
The Subject ◽  
Golden Jubilee ◽  
Freedom Movement ◽  
Past Half ◽  
Do So

It is an honour for me as President of the Pakistan Society of Development Economists to welcome you to the 13th Annual General Meeting and Conference of the Society. I consider it a great privilege to do so as this Meeting coincides with the Golden Jubilee celebrations of the state of Pakistan, a state which emerged on the map of the postwar world as a result of the Muslim freedom movement in the Indian Subcontinent. Fifty years to the date, we have been jubilant about it, and both as citizens of Pakistan and professionals in the social sciences we have also been thoughtful about it. We are trying to see what development has meant in Pakistan in the past half century. As there are so many dimensions that the subject has now come to have since its rather simplistic beginnings, we thought the Golden Jubilee of Pakistan to be an appropriate occasion for such stock-taking.

A Peer-to-Peer energy trading market model based on time-driven prospect theory in a smart and sustainable energy community

2021 ◽  
Vol 28 ◽  
pp. 100542
Author(s):  
Sobhan Dorahaki ◽  
Masoud Rashidinejad ◽  
Seyed Farshad Fatemi Ardestani ◽  
Amir Abdollahi ◽  
Mohammad Reza Salehizadeh
Keyword(s):  
Prospect Theory ◽  
Sustainable Energy ◽  
Peer To Peer ◽  
Market Model ◽  
Energy Trading ◽  
Model Based ◽  
Trading Market ◽  
Energy Community

Equity and certainty in contract law

Acta Juridica ◽  
2021 ◽  
Vol 2021 ◽  
pp. 141-176
Author(s):  
F Brand
Keyword(s):  
Supreme Court ◽  
Contract Law ◽  
Constitutional Court ◽  
High Court ◽  
Contractual Relationships ◽  
The Supreme Court ◽  
The Subject ◽  
Court Of Appeal ◽  
Do So

The role of abstract values such as equity and fairness in our law of contract has been the subject of controversy for a number of years. In 2002 the Supreme Court of Appeal took the position that these values do not constitute self-standing grounds for interfering with contractual relationships. Despite this being consistently maintained by the SCA in a number of cases, some High Court judges deviated from this position on the basis that they were permitted to do so by some minority judgments and obiter dicta in the Constitutional Court. The uncertainty thus created has fortunately now been removed by the judgment of the Constitutional Court in Beadica v The Trustees for the Time being of the Oregon Trust.

VIII.—High-Level Terraces in Norway

1877 ◽  
Vol 4 (2) ◽  
pp. 72-75 ◽  
Author(s):  
J. R. Dakyns
Keyword(s):  
Physical Geography ◽  
The Press ◽  
Scientific Opinion ◽  
The Subject ◽  
High Level ◽  
Do So

In the summer of 1872 I visited Norway, and wrote the following brief notice of certain high-level terraces immediately on my return to England, but kept it back that I might first consult some papers on Norwegian terraces that had appeared in the closing numbers of “Scientific Opinion”; these I was not able to meet with for so long a time that I gave up the idea of sending my notice to the press. I am now induced to do so, because I see that the subject of the parallel roads of Glenroy still occupies the attention of geologists, and it may induce some one next summer to examine minutely the Dovre terraces and sand-heaps and their relation to the physical geography of the district. I was merely able to make a flying visit to them, which I delayed my party to do, because they caught my eye so forcibly, as we were driving along the valley.

Toxæmia in the Etiology of Mental Disease. a Discussion opened

1902 ◽  
Vol 48 (202) ◽  
pp. 434-450 ◽  
Author(s):  
T. S. Clouston
Keyword(s):  
Nerve Cell ◽  
General Trend ◽  
Mental Disease ◽  
The Other ◽  
British Association ◽  
Younger Men ◽  
Full Knowledge ◽  
The Subject ◽  
Definition Of ◽  
Do So

Dr. Clouston said that when he suggested toxæmia to the secretary as a suitable subject for a discussion at this meeting he had not intended to be the first speaker, because his object was to bring out more fully the views of the younger members who had recently committed themselves so strongly to the toxæmic and bacterial etiology of insanity, and so to get light thrown on some of the difficulties which he and others had felt in applying this theory to many of their cases in practice. It was not that he did not believe in the toxic theory as explaining the onset of many cases, or that he under-rated its importance, but that he could not see how it applied so universally or generally as some of the modern pathological school were now inclined to insist on. He knew that it was difficult for those of the older psychological and clinical school to approach the subject with that full knowledge of recent bacteriological and pathological doctrine which the younger men possessed, or to breathe that all-pervading pathological atmosphere which they seemed to inhale. He desired to conduct this discussion in an absolutely non-controversial and purely scientific spirit. To do so he thought it best to put his facts, objections, and difficulties in a series of propositions which could be answered and explained by the other side. He thought it important to define toxæmia, but should be willing to accept Dr. Ford Robertson's definition of toxines, viz., “Substances which are taken up by the (cortical nerve) cell and then disorder its metabolism.” He took the following extracts from his address at the Cheltenham meeting of the British Association (1) as representing Dr. Ford Robertson's views and the general trend of much investigation and hypothesis on the Continent.

scholarly journals Everything You Always Wanted to Know about β3-AR * (* But Were Afraid to Ask)

Cells ◽  
2019 ◽  
Vol 8 (4) ◽  
pp. 357 ◽  
Author(s):  
Giorgia Schena ◽  
Michael J. Caplan
Keyword(s):  
Adrenergic Receptor ◽  
Species Differences ◽  
Current Clinical Practice ◽  
Substantial Body ◽  
Cellular Models ◽  
Wide Range ◽  
The Subject ◽  
And Function ◽  
Novel Therapeutic ◽  
Do So

The beta-3 adrenergic receptor (β3-AR) is by far the least studied isotype of the beta-adrenergic sub-family. Despite its study being long hampered by the lack of suitable animal and cellular models and inter-species differences, a substantial body of literature on the subject has built up in the last three decades and the physiology of β3-AR is unraveling quickly. As will become evident in this work, β3-AR is emerging as an appealing target for novel pharmacological approaches in several clinical areas involving metabolic, cardiovascular, urinary, and ocular disease. In this review, we will discuss the most recent advances regarding β3-AR signaling and function and summarize how these findings translate, or may do so, into current clinical practice highlighting β3-AR’s great potential as a novel therapeutic target in a wide range of human conditions.

The Gathering of A Community: The British-born of San Francisco in 1852 and 1872

1976 ◽  
Vol 10 (3) ◽  
pp. 279-312 ◽  
Author(s):  
R. A. Burchell
Keyword(s):  
Nineteenth Century ◽  
San Francisco ◽  
High Rate ◽  
Geographical Mobility ◽  
The Third ◽  
Human Effort ◽  
The Subject ◽  
Incomplete Picture ◽  
Do So

Studies of the Massachusetts communities of Newburyport and Boston have revealed a high rate of geographical mobility for their populations, in excess of what had been previously thought. Because of the difficulty in tracing out-migrants these works have concentrated on persisters, though to do so is to give an incomplete picture of communal progress. Peter R. Knights in his study of Boston between 1830 and 1860 attempted to follow his out-migrants but was only able to trace some 27 per cent of them. The problem of out-migration is generally regarded as being too large for solution through human effort, but important enough now to engage the computer. What follows bears on the subject of out-migration, for it is an analysis of where part of the migrating populations of the east went in the third quarter of the nineteenth century, namely to San Francisco.

THE WIDENING GYRE: COUNTER-TERRORISM, HUMAN RIGHTS AND THE RULE OF LAW

2008 ◽  
Vol 67 (1) ◽  
pp. 69-91 ◽  
Author(s):  
Arthur Chaskalson
Keyword(s):  
Human Rights ◽  
Rule Of Law ◽  
The Internet ◽  
The Rule Of Law ◽  
Counter Terrorism ◽  
Daunting Task ◽  
The Subject ◽  
Google Search ◽  
Is Value ◽  
Do So

There are two themes that recur in previous Sir David Williams lectures. First, that it is a considerable honour to be invited to give the lecture. Secondly, that it is a daunting task to do so in the presence of Sir David, particularly in a field in which he has expertise. Since that covers most of the law there is no escape from this dilemma. Let me then acknowledge the privilege of having been asked to give this year's lecture, and confess that it is with some trepidation that I do so. The subject, terrorism and human rights, is not exactly uncharted territory. When I looked into the internet for some guidance on what might be relevant to terrorism and human rights, the response to my Google search informed me that in .03 seconds 32,900,000 references had been found. This seemed to indicate that it was unlikely that I would be able to say anything that has not already been said. But there are some subjects that are of such importance that there is value in reminding ourselves of the issues that are at stake, and if necessary for that purpose, repeating what others have said. And it is with that in mind that I approach my chosen topic.

La Roy Sunderland: The Alienation of an Abolitionist

1972 ◽  
Vol 6 (1) ◽  
pp. 1-17
Author(s):  
J. R. Jacob
Keyword(s):  
Methodist Episcopal ◽  
Episcopal Church ◽  
Methodist Church ◽  
Methodist Episcopal Church ◽  
The Subject ◽  
The Church ◽  
Do So

In November 1842, La Roy Sunderland, Orange Scott and Jotham Horton, leading abolitionists and ministers, withdrew from the Methodist Episcopal Church. The first issue of the True Wesleyan, Scott's anti-slavery newspaper, published an announcement of their withdrawal and their reasons for deciding to do so. They could no longer serve a church that condoned slavery and that scarcely permitted delegates to its conferences to raise the issue there. The three dissenters saw what they regarded as the high-handed tactics of the bishops in preventing conferences from considering anti-slavery resolutions as resting upon ‘the assumptions of Rome’! This act of withdrawal and the formation of the wesleyan Methodist Church die following May came after a six years' struggle between the radical abolitionists within the Church and their more conservative brethren, principally the bishops, who had stifled discussion of the slavery issue in order to preserve the Church as a national entity. This Wesleyan schism is a token of the change that is the subject of this essay.

scholarly journals An Interpretative Phenomenological Analysis of Token Resistance to Sex amongst Nigerian Undergraduates

2021 ◽  
Author(s):  
Alex Terver Igundunasse ◽  
Nathan Odiase
Keyword(s):  
Interpretative Phenomenological Analysis ◽  
Sampling Technique ◽  
Phenomenological Analysis ◽  
Self Control ◽  
Emotional Security ◽  
Sexually Active ◽  
Social Conventions ◽  
Token Resistance ◽  
The Subject ◽  
Do So

It is apparent that existing social conventions unofficially mandates women to refuse sexual advances even when there may be the intention to engage. The adherence to this social script is what is referred to as token resistance or scripted refusal. Some studies have explored the subject of token resistance from a number of perspectives that attempt to identify the underlying reasons why women engaging in token resistance. However, there is very little research on this subject from the Nigerian perspective. This this study sought to explore token resistance further in order to understand the cultural cogency or peculiarity of the concept in the Nigerian context. This is because based on available literature, the conceptualization of token resistance may be different. With the use of purposive sampling technique, four sexually active women and undergraduates, volunteered to participate in the study. They were interviewed to understand their unique experiences and perception about token resistance using the principles of Interpretative Phenomenological Analysis (IPA) It was discovered that factors like personal pride, self-control, emotional security of relationship and the gratification of increased attention were responsible for women’s rejection of sexual advances even when there was the intention to do so. The study also got a better understanding of how women culturally represent this concept in Nigeria. We highlight limitations of the study and suggest areas for further study research.

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